NationStates Jolt Archive

International Stock Exchange (ISX)
Catagory: Free Trade
Strength: Mild

description:
Owing that many companies choose to have branches in more than one nation

Given thath the location of their head quarters can restrict their share trading options

This resolution calls for the establishment of the International Stock Exchange (ISX).

On the ISX,

A) a company can only list if it is multi-national, in that it has branches in more than one country. those that only operate in a single country cannot apply.

B) state owned corporations can only list if they are at least 25% privatly owned, and conform to point A

Stock will be traded equally, per currency exchange rates. Access to the Exchange would be via the internet, in countries that have it, or via established brokers

The ISX will be run on a not-for-profit basis, and the total of any fees to companies or share-holders would be charged equalling the running costs

this resolution does not this replace existing stock exchanges, or exempt corporations from the taxes, rules, etc. of nations in which they have branches.

the object of this resolution is so businesses have a bigger base in which they can draw funding, thus building employment and economies


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you can find the original discussion here (http://forums.jolt.co.uk/showthread.php?t=456297)

i chose to start another thread because the name was missleading, and the original concept had changed slightly. any ideas on changes welcome, as is also ideas on the number of countries based in (one at the moment) and the percentage of private ownership of state-owned companies (25% at present

In The Monarchy, many of our corporations represented by our exchange are international. I don't really see a need for this. If a nation dosn't allow international corporations to be traded in their exchange, or any at all, they are welcome to come to ours as long as they fulfill the requirements based on net worth.

Yoopers: currently, in order to broaden their base, multi-national companies need to list on many exchanges. this was an idea to eliminate that bit of red tape and get one share price for the company, plus equal dividends for their share holders

i am wanting to add a part about a UN dollar, not replacing currency but to be used as a standard for currency exchange when it comes to share prices and dividends. would that be deemed illegal?

due to lack of interest, we have decided to abandon this.... we thought it would be something interesting to bring to the board, but either it is the wrong time, or this wasnt right for the UN.
Thank you to those who did make an input

Yours Sincerely

It's not that it's a bad or uninteresting idea; I just don't see the need for it, really. I think there are other areas with regard to stock market reform and regulation that are of more pressing concern than establishing a club for TNCs.

due to lack of interest, we have decided to abandon this.... we thought it would be something interesting to bring to the board, but either it is the wrong time, or this wasnt right for the UN.
Thank you to those who did make an input

As you might have noticed, I did express support for this idea initially. I still think it can be developed into a good (and broadly supported) proposal, as long as you drop the limitation to multinationals, and address most of the points mentioned in the other thread.

I personally consider this an extremely relevant issue, yet highly complex. None of us can expect to "cover all the angles" without a significant redrafting and debating process.

Anyway, if you don't feel like pushing it further, thank you for introducing an interesting debate.